Click here to take a look at this article that came out a few months ago. Press-Telegram Article Sunday, September23, 2007 Sincerely, Mark Shandrow Keller Williams Realty Read more »
What is a Short Sale?
With the increase in foreclosures lately you may have heard the term “short sale†and wondered what it was. A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender will accept the short sale to avoid the time and [...] Read more »
Q and A Fact Sheet from CAR on Short Sales
Short Sale Fact Sheet Information Provided by the California Association of Realtors (CAR) Introduction Increasingly, lenders are making loans in amounts that become too difficult for borrowers to repay. Some of these borrowers may not be able to fulfill their mortgage obligations. When a borrower is no longer in a position to make the mortgage [...] Read more »
Another Short Sale Success In Los Angeles
I just closed a short sale at Tacoma Avenue last month. This is a beautiful property and the buyer is lucky to get. This two story home was sweeping views of the valley was just built in 2006. Everything was brand new. My client, Brian, purchased the property in 2006 for $850,000 with 100% financing. [...] Read more »
Ten Common Deal Killers for a Short Sale
From my experience doing short sales in Los Angeles and Orange Counties, the following list are the ten most common deal killers for doing a short sale (in no particular order): The seller lies about their assets and the bank finds out. The seller disappears or becomes non-responsive toward the end of the short sale [...] Read more »
